Clarke Kent : Re buffett that would be 20% pa average over 50...

Clarke Kent : Re buffett

that would be 20% pa average over 50 years. We had a relatively flat market for the first 25 years. The world markets turned and starting heading consistantly up in the early 1980's. Also Buffett like the rest of the world would have had the 87 correction plus a host of other more minor blips to deal with along the way. I am sure he would have had a few much less than 20% pa years along the way and then some bumper years to make up. Currently we are in the bull market to end all bull markets. So if you can't pick some multibagging speccies now then you should get a day job.

There are lies, damn lies and then there are statisics. I wonder what average percentage return Buffet could have made from 2002 - 2007 if he was Australian and had access to the internet. More than 20 odd percent per annum I venture to say.